Reprivatisation
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Reprivatisation
Reprivatization refers to the process of restoring properties seized or otherwise nationalized from privately held owners by a government to privately held status. This may include returning seized property or compensating uncompensated former owners, or reprivatizing state held enterprises to new owners, especially banks, which were privately founded but came under state control due to economic crisis or other factors. The latter scenario is sometimes referred to as privatization, though scholars have specifically referred to the sale of nationalized Mexican and Korean banks to private shareholders as reprivatization. The terms reprivatization and privatization are sometimes used to describe similar processes. The term privatization is more often used to describe the transfer of property under long-term government control to private owners, while reprivatization implies the property being returned to privately held status came under government control on a circumstantial basis. Bot ...
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Government
A government is the system or group of people governing an organized community, generally a State (polity), state. In the case of its broad associative definition, government normally consists of legislature, executive (government), executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 list of sovereign states, independent national governments and government agency, subsidiary organizations. The main types of modern political systems recognized are democracy, democracies, totalitarian regimes, and, sitting between these two, authoritarianism, authoritarian regimes with a variety of hybrid regimes. Modern classification systems also ...
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World War II
World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the world's countries participated, with many nations mobilising all resources in pursuit of total war. Tanks in World War II, Tanks and Air warfare of World War II, aircraft played major roles, enabling the strategic bombing of cities and delivery of the Atomic bombings of Hiroshima and Nagasaki, first and only nuclear weapons ever used in war. World War II is the List of wars by death toll, deadliest conflict in history, causing World War II casualties, the death of 70 to 85 million people, more than half of whom were civilians. Millions died in genocides, including the Holocaust, and by massacres, starvation, and disease. After the Allied victory, Allied-occupied Germany, Germany, Allied-occupied Austria, Austria, Occupation of Japan, Japan, a ...
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History Of Eastern Europe
Eastern Europe is a subregion of the European continent. As a largely ambiguous term, it has a wide range of geopolitical, geographical, ethnic, cultural and socio-economic connotations. Its eastern boundary is marked by the Ural Mountains, and its western boundary is defined in various ways. Narrow definitions, in which Central and Southeast Europe are counted as separate regions, include Belarus, Russia and Ukraine. In contrast, broader definitions include Moldova and Romania, but also some or all of the Balkans, the Baltic states, the Caucasus, and the Visegrád group. The region represents a significant part of European culture; the main socio-cultural characteristics of Eastern Europe have historically largely been defined by the traditions of the Slavs, as well as by the influence of Eastern Christianity as it developed through the Eastern Roman Empire and the Ottoman Empire. Another definition was created by the Cold War, as Europe was ideologically divided by the Iron Cur ...
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Economic Policy In Europe
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. However, m ...
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Decommunization
Decommunization in former communist states is the process of purging former communist high officials and eliminating communist symbols. It is sometimes referred to as political cleansing. Although the term has been occasionally used during the Cold War, it is most commonly applied to the former countries of the Eastern Bloc, those countries that were considered being close to the Eastern Bloc and the Soviet Union to describe a number of legal and social changes during their periods of postcommunism during the post–Cold War era. In some states, decommunization includes bans on communist symbols. While sharing common traits, the processes of decommunization have run differently in different states. Responsible institutions * Czechia – The Office of the Documentation and the Investigation of the Crimes of Communism * Estonia – The Estonian International Commission for Investigation of Crimes Against Humanity * Germany – The Federal Commissioner for the Stasi Recor ...
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Nationalisation
Nationalization (nationalisation in British English) is the process of transforming privately owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization (or deprivatization). Industries often subject to nationalization include telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water (sometimes called the commanding heights of the economy), and in many jurisdictions such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners. Nationalization is distinguished from property redistribution in that the government retains control of nationalized property. S ...
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Land Reform
Land reform (also known as agrarian reform) involves the changing of laws, regulations, or customs regarding land ownership, land use, and land transfers. The reforms may be initiated by governments, by interested groups, or by revolution. Land reform is often considered a contentious process, as land is a key driver of a wide range of social, political and economic outcomes. The structure and distribution of land rights has been linked to state formation, economic growth, inequality, political violence, and identity politics, making land reform highly consequential for the long-term structures of society. Overview Land reform may consist of a government-initiated or government-backed property redistribution, generally of agricultural land. Land reform can, therefore, refer to transfer of ownership from the more powerful to the less powerful, such as from a relatively small number of wealthy or noble owners with extensive land holdings (e.g., plantations, large ranches, or ...
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Chaebol
A chaebol ( , ; , ) is a large industrial South Korean conglomerate run and controlled by an individual or family. A chaebol often consists of multiple diversified affiliates, controlled by a person or group. Several dozen large South Korean family-controlled corporate groups fall under this definition. The term first appeared in English text in 1972. Chaebol have also played a significant role in South Korean politics. In 1988, a member of a chaebol family, Chung Mong-joon, president of Hyundai Heavy Industries, successfully ran for the National Assembly of South Korea. Other business leaders were also chosen to be members of the National Assembly through proportional representation. Hyundai Group, Hyundai has made efforts in the thawing of North Korea–South Korea relations, North Korean relations, despite some controversy. Many South Korean family-run chaebol have been criticised for low dividend payouts and other governance practices that favor controlling shareholders ...
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1997 Asian Financial Crisis
The 1997 Asian financial crisis gripped much of East Asia, East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid, and worries of a meltdown quickly subsided. Originating in Thailand, where it was known as the ''Tom yum, Tom Yum Kung crisis'' () on 2 July, it followed the financial collapse of the Thai baht after the Thai government was forced to floating currency, float the baht due to lack of list of circulating currencies, foreign currency to support its currency fixed exchange rate, peg to the U.S. dollar. Capital flight ensued almost immediately, beginning an international chain reaction. At the time, Thailand had acquired a burden of foreign debt. As the crisis spread, other Southeast Asian countries and later Japan and South Korea saw slumping currencies, ...
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State-owned Enterprise
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ente ...
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Leonid Kuchma
Leonid Danylovych Kuchma (, ; born 9 August 1938) is a Ukrainian politician who was the second president of Ukraine, serving from 19 July 1994 to 23 January 2005. The only president of Ukraine to serve two terms, his presidency was marked by democratic backsliding and the growth of the Ukrainian oligarchs, as well as several scandals and improvement of Russia–Ukraine relations. After a successful career in the machine-building industry of the Soviet Union, Kuchma began his political career in 1990 Ukrainian parliamentary election, 1990, when he was elected to the Verkhovna Rada (the Ukrainian parliament); he was 1994 Ukrainian parliamentary election, re-elected in 1994. He served as Prime Minister of Ukraine between October 1992 and September 1993. Kuchma took office after winning the 1994 Ukrainian presidential election, 1994 presidential election against his rival, incumbent President Leonid Kravchuk. Kuchma won re-election for an additional five-year term in 1999 Ukrainian pr ...
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Yulia Tymoshenko
Yulia Volodymyrivna Tymoshenko ( Hrihyan born 27 November 1960) is a Ukrainian politician, who served as Prime Minister of Ukraine in 2005, and again from 2007 until 2010; the first and only woman in Ukraine to hold that position. She has been a member of the Verkhovna Rada as People's Deputy of Ukraine several times between 1997 and 2007, and presently as of 2014, and was First Deputy Prime Minister of Ukraine for the fuel and energy complex from 1999 to 2001. She is a Candidate of Economic Sciences.Тимошенко Ю. В. «Государственное регулирование налоговой системы: Диссертация на соискание учёной степени кандидата экономических наук». 1999. Национальная библиотека Украины им. В. И. Вернадского Tymoshenko is the leader of the Batkivshchyna () political party. She supports Ukraine's integration into the European Union an ...
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